What is meant by 'Fluctuating Capital' of a partner?
Answers
Answered by
0
Answer:
It is a method of maintaining Capital Accounts of partners under which all transactions relacted to a partner (such as his share of profit/loss, drawings, interest on capital or drawings, salary, etc.,) are recorded in his Capital Account.
Explanation:
Mark me as a brilliant
Similar questions
Geography,
13 days ago
Math,
13 days ago
English,
9 months ago
Environmental Sciences,
9 months ago
Math,
9 months ago